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6. Wendy wants to buy some furniture costing $7000. She will repay the loan in 3 years. If d= 7%, how much will she repay?
6. Wendy wants to buy some furniture costing $7000. She will repay the loan in 3 years. If d= 7%, how much will she repay? 7. An investor depostis $2000 today. If the discount rate is d = 5 %, what is the accumulated value at the end of 5 years given: a) Compund discount? b) Simple discount
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